• GBP/NZD steadied on Friday as pound held its ground against New Zealand dollar after US jobs data.
• GBP/NZD remains bullish, only a break and daily close below 2.0823 (50%fib)will shift bias to the downside.
• Technicals are favouring bullish sentiment as RSI is at 56 and the pair is trading above 11 & 21-DMAs.
• Immediate resistance is located at 2.1015 (EMA 9 ), any close above will push the pair towards 2.1105 (23.6%fib).
• Strong support is seen at 2.0943(38.2%fib) and break below could take the pair towards 2.0823 (50%fib).
Recommendation: Good to buy around 2.0980, with stop loss of 2.0800 and target price of 2.1100
